Why taxes in California, New York and Illinois may soon increase

Connecticut is considered the richest state in the country per capita, but the state’s debt is more than $ 53 billion. This means that taxpayers may have to save the state through tax increases, writes Fox Business.

Фото: Depositphotos

Connecticut is not the only state struggling with a debt crisis. California, Illinois, New Jersey, and New York due to heavy debts cannot pay their pensions on time to government employees who have reached retirement age.

In Illinois, sellers have been waiting months for the government to start making payments, Republican Mitch Daniels said. The state has $30 billion in debt. New York has more than $356 billion, New Jersey has more than $104 billion, and California has more than $428 billion.

Daniels assumes that, most likely, the authorities of these states will solve the problem of debts at the expense of taxpayers, therefore, in the mentioned states, where taxes are already high enough, taxes may still be raised.

Read also on ForumDaily:

Due to the slowdown in the US property market, housing prices are falling

As children of a millionaire from 14-year-old girls inherited wealth and sank to the bottom

Seven questions that will face everyone who decided to move to the United States

How to survive in New York single immigrant

How much money do you need to live in retirement in Florida

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.